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Burkina Faso begins construction of its first gold refinery
From Agence France-Presse
via Barron's, New York
Thursday, November 23, 2023
Burkina Faso's junta-led government today launched the construction of the country's first refinery for gold, Burkina's main mineral resource, an AFP journalist said.
The refinery will have a production capacity of around 400 kilograms (880 pounds) of gold per day, according to Ismael Siby, CEO of the refinery's co-managing company, Marena Gold.
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The first 22-carat gold bars will leave the refinery in 11 month, he said, adding that the project would create 100 direct jobs and 5,000 indirect jobs.
"There's no longer any question of us taking our gold abroad for refining. We'll refine it on site, because we know the real content of the raw gold that comes out. That's very important," Burkina Faso's military leader, Captain Ibrahim Traore, said at a launch ceremony in the capital, Ouagadougou. ...
... For the remainder of the report:
https://www.barrons.com/news/construction-of-first-gold-refinery-begins-in-burkina-faso-cd8de771
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